Louis Arnos arranged a 2 year interest only loan for the borrower.
FOR IMMEDIATE RELEASE
Albany, New York – July 17, 2012 – Louis Arnos, Account Executive for the Largo Group of Companies arranged a construction loan in the amount of $650,000 to build 5 loft style condominiums at the already existing phase I site of the Bryn Mawr Lofts in Albany, New York. The interiors include oak wood floors, ceramic tile floors, and cultured marble sinks. Each unit includes a 1,088 square foot garage with access to the unit. Each unit is expected to sell at $340,000. Louis Arnos arranged a 2 year interest only term for the borrower.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term.
Louis Arnos, Account Executive
(518) 265-5223 • [email protected]
Lori Tirado, Director of Marketing
(716) 204-2223 • [email protected]